Port of Felixstowe problems persist
The Port of Felixstowe on England’s east coast still appears to be experiencing disruption, which began when it implemented its new terminal operating system, nGen, during the second weekend in June.
Port of Felixstowe fiasco - what went wrong?
The latest statement published on the port’s website said the performance of the new TOS “continues to stabilise” and that productivity was at 80% of the level it had before going live with nGen.
MSC Containership Loses 13 Containers Overboard Off South Africa
The South African Maritime Safety Authority has issued an urgent warning to vessels east of South Africa to be on the lookout for cargo containers that reportedly fell from a containership off the coast of Durban a week ago.
Shippers call on air cargo to take action over truck driver shortage
Shippers have called on the air cargo industry to take action to mitigate the truck driver shortage or face increasingly unreliable supply chains. Writing in a column for Tiaca’s weekly e-newsletter, European Shippers’ Council chairman and Tiaca board member Denis Choumert said that the air cargo industry would not be able to escape the consequences of the driver shortage.
Port Klang defers rate hike six months till March 2019
Port users at Malaysia's Port Klang’s will get a six-month reprieve as the government deferred the planned 15% tariff hike from September 1 this year to March 1, 2019.
Forwarders get a feeling of deja vu at prospect of congested air terminals
Despite record investment in airports, consignees and forwarders are poised for a frustrating peak season with the prospect of freight again being trapped in overburdened cargo terminals. Neel Shah, senior vice-president, global air freight, at Flexport, reckons the 2018 peak season will bring a sense of deja vu to the air cargo industry with a re-run of the woes that afflicted imports last winter.
HMM stays bullish as it sinks deeper into the red, and vows it can cut costs
HMM recorded a net loss of $215m in the second quarter, taking the South Korean ocean carrier’s deficit to a massive $371m at the half-year stage. Like many of its peers, the carrier was hit hard by the rising cost of fuel and was unable to recover sufficient bunker surcharges to mitigate the impact of a 27% hike in bunker prices.
Yang Ming the latest carrier to see its bottom line sink into the depths
Taiwanese ocean carrier Yang Ming has become the latest container line to report a heavy loss in the second quarter of the year, posting a net deficit of $129m. It means that all three members of THE Alliance vessel-sharing agreement have now posted negative results for the period.
Trucking’s Tight Capacity Squeezes U.S. Businesses
More companies are pointing to rising freight costs as a drag on earnings and growth, as trucking companies raise rates at a historic pace and one says finding trucks is getting ‘ugly’. “Nobody has a crystal ball, but if I had to place a bet I would say this is structural, not cyclical” change, said Lee Clair, managing partner at Transportation and Logistics Advisors LLC, a supply-chain-strategy consulting firm.
Major fire in Port of Antwerp triggers disaster plan
A major fire in the port of Antwerp has been brought under control, the port authority said, but could go on burning for the rest of the week.